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Managing finances is no picnic for the majority of small business owners. Fortunately, there are a number of accounting software tools that can help. The best part? Many of these tools are available for free, which is useful for business owners on a tight budget.



Free accounting software for your small business

Each small business accounting software comes with its own set of features. In the case of many free tools, users can access the features needed to balance accounts, create financial reports, and prepare for tax season.

Of course, some of the more advanced features related to inventory management and income and expense tracking may not be available in the free version. But this may not be true for all options.

best free accounting software

With so many free accounting software options available, it can be a little confusing deciding which one is best for your business. Let’s take a look at some of the best accounting software tools available.

1. Wave accounting

Many companies rely on Vague to stay on top of their accounting needs. What makes it popular with small business owners is its ease of use. It also comes with options like unlimited income and expense tracking. In other words, for a small business with limited resources, Wave is a good option to manage its accounting.

One of the disadvantages of using this tool is that it does not allow users to track vendor accounts. It also lacks an advanced mobile app, which may make it less accessible than other freeware tools.

Some of its main features include:

  • Unlimited number of users
  • Exportable accounting reports
  • Limited third-party app integrations

2. BrightBook

Many freelancers and independent contractors rely on BrightBook as an accounting solution for their business. Many features are offered. Some of these include financial reporting, invoicing, and financial statement support. There is a downside, however. BrightBook does not have mobile support.

Some of its main features include:

  • Full range of features are available for free
  • Full business visibility
  • Limited reporting features

3. GnuCash

GnuCash is free desktop accounting software for small businesses. It can be downloaded on Windows, Mac OS X and Linux. It doesn’t have a great interface, but once installed it can take care of a lot of your accounting needs. The software is specially designed for individual entrepreneurs who need help with day-to-day bookkeeping.

Some of its main features include:

  • Budget management tools
  • Supports internationalized dates and currencies
  • No customer support

4. Zoho Books

Designed for businesses making less than $50,000 in annual revenue, Zoho Books is a robust solution with many accounting features. On its platform, companies can find a simple solution to manage invoices and purchase orders.

Some of its main features include:

  • End-to-end accounting features
  • Mobile app
  • No payroll resources

5.TurboCASH

With TurboCASH, companies can access free open source accounting software. Its TurboCASH 4 plan is completely free. The program allows you to configure your accounting system and quickly adjust it according to your needs.

Some of its main features include:

  • Cloud-based
  • 24/7 customer support
  • Ease of document management

6. Akaunting

Akaunting is popular among small business owners and freelancers. Many of its key features are available for free, which explains its strong user base. Some of these useful features include transaction categories, cash flow management, and expense tracking. Moreover, the platform is cloud-based, which allows users to access it from anywhere, on any device.

Given its massive reach, Akaunting is available in over 50 languages. On the other hand, Akaunting does not have strong customer support in place.

Some of its main features include:

  • Open source software
  • A one-stop-shop with extensive accounting features

7. Fiverr Workspace

Fiverr workspace is a free accounting software for independent contractors and freelancers. It’s not a complete accounting solution, but it offers a number of basic features. These features are useful for businesses to perform basic tasks such as sending invoices, tracking expenses, managing contacts, and tracking time.

In contrast, the free plan allows businesses to bill a single customer. To add more customers, businesses must upgrade to a paid plan.

Some of its main features include:

  • Basic reports
  • Project management tools
  • Brand Billing

Free accounting software

Accounting and bookkeeping go hand in hand. This is why almost all accounting software tools come with bookkeeping functionality.

Let’s look at some free accounting software solutions for small businesses.

8. Sunrise

Sunrise is one of the best free accounting software for accounting purposes. It’s a great tool for businesses looking to categorize their expenses. Its completely free plan offers businesses several features and flexibility to manage accounting efficiently.

Some of its main features include:

  • Supports unlimited invoices
  • Allows users to generate profits and losses
  • Lack of payment integrations

9. Zip books

ZipBooks is another feature-rich accounting and bookkeeping solution. It offers a free plan called ZipBooks Starter which includes features like basic bookkeeping and balance sheet reporting. It also includes some basics related to quotes and invoices.

Some of its main features include:

  • Unlimited invoices
  • Supports digital payments through PayPal and Square
  • Allows users to connect to a single bank account

10. NCH Express Accounts

For companies with less than five employees, NCH ​​Express Accounts is a simple but very effective accounting solution. An accounting and bookkeeping software solution, NCH Express Accounts enables businesses to prepare tax returns with financial reports, save time with sales tax tracking, and document all incoming and outgoing cash flow.

Some of its main features include:

  • Ease of use
  • Opportunity to chat with representatives

What is the best free small business accounting software?

Although there are many free solutions, the best one is Akaunting. It comes with a range of features and has been one of the best free accounting software for small businesses around the world.

What is the best free accounting software?

With regard to accounting, Sunrise is the best option available. It was designed to make bookkeeping easier for small businesses, and its simple self-service plan is ideal for cash-strapped business owners who want to manage their business finances.

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